Western Energy Services Corp. (WRG:CA) Rises 5.56% for September 16

Equities Staff  |

September 16 was a positive day for Western Energy Services Corp. (WRG:CA) as its stock finished the day having gained 5.56% to hit a price of $0.29 a share. The company reached a market cap of 26.31 million and has 92.31 million shares outstanding. Western Energy Services Corp. is a component of the the S&P/TSX SmallCap Index.

98,188 shares changed hands over the course of the day as compared to an average volume of 25,301 over the last 30 days for Western Energy Services Corp..

Western Energy Services Corp operates as an oilfield service industry in Canada and the United States of America. The company functions its drilling services through two segments namely Contract drilling and Production services. Its Contract drilling segment is involved in drilling rigs with ancillary equipment as well as provides such services to crude oil and natural gas exploration and production companies. The Production service segment includes well servicing rigs and related equipment, and oilfield rental equipment. It generates revenue mainly through its Contract drilling operation segment.. The company makes its home in Calgary, AB, and is currently under the leadership of CEO Alex R.N. MacAusland.

Western Energy Services Corp. has hit a high of $0.89 and reached a low of $0.16 over its last year of trading. The stock’s 50-day SMA is now $0.22 and 200-day SMA is $0.32. As for its price valuations, the P/E ratio is at 0 and P/B is now 0.08.

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The S&P/TSX SmallCap Index tracks over 200 Canadian small-cap stocks for cumulative performance. Relying on market cap weighting to calculate returns, it’s an index similar in composition to the Russell 2000, only focused on Canadian companies and much smaller in terms of its total membership. Widely recognized as the benchmark for small-cap Canadian stocks, the member companies must have a market cap between C$100 million and C$1.5 billion and an average share price of at least C$1.

To get more information on Western Energy Services Corp. and to follow the company’s latest updates, you can visit the company’s profile page here: WRG:CA’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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